Simple/Compound Interest
What is the Simple Interest Formula?
What is P = I x R x T?
What does Santa bring on Christmas Eve to children who have been naughty?
What is coal?
Each month ____________ are charged an extra fee(interest) when it is not fully paid
What is a Credit Card?
What does it mean when the Credit Card Statement shows that you have a Credit Line of $1200?
You can not spend over $1200.
How can you be a smart shopper?
By Separating your Needs from your Wants?
What does the letter I in the formula for Simple interest represent?
What is the Interest in $.
What is the next line in a Christmas song
"On the first day of Christmas , my true love sent to me
___________________________________
What is
"A partridge in a pear tree"
When paying with a Debit Card you may be asked to enter your card into the machine and then you must enter your ____________ _____________.
What is your PIN number?
Given your Credit Line is $1200 then what would be your new Credit Line if you spent $200 and it remains unpaid.
What is $1,000?
What does the Acronym S. M. A. R. T. mean?
( 100 points each for any two)
S - Stop and Think
M - Make a Plan
A - Ask Questions
R - Review your Information
T - Take Action
What does t = 4/12 mean in the Simple Interest formula?
What is 4 months over 12 months?
So you think you know the Reindeer's names.....
Which one of Santa's reindeer has the same name of another holiday mascot for Valentines Day?
What is Cupid?
When paying by cheque how many times are you asked the amount of the payment on the cheque?
What is twice
$400.00
Four Hundred dollars -----------xx/100
How old must you be to have a Credit Card?
What is the age of 18?
How do you know a website is safe? Name 1.
A secure website's URL will start with "https"
Look for a Green Padlock icon in the address bar of your browser.
Look for an SSL Certificate
What year does the Simple Interest earned on the principle invested equal the Compound Interest invested in the same year?
What is the very first year?
In what city was baby Jesus born in?
What is Bethlehem?
Many times we have used short forms in banking, such as ABM Automated Banking Machine.
What does PIN mean?
Personal Identification Number
Whenever you use a credit card, you are ___________money from the credit card company and will need to pay it back.
What is "borrowing"
When you are travelling to another country (United States), you often want to know prior to purchasing the American dollars, what the ________ rate is for changing Canadian dollars to American Dollars
What is the "Exchange" rate?
The total Interest earned is $500 on the principle investment after five years and the principle investment made 10% simple interest (yearly).
What was the principle amount invested in year one?
What is $1,000.00
What three gifts did the wise men bring baby Jesus?
What is Gold, Frankincense, and Myrrh?
What type of card is it when you receive points on your _____________ or _______________ card?
What is Loyalty or Reward Card?
What does the Due Date mean on a Credit Card Statement?
What is the Date in which the minimum/maximum payment must be received
When the price of an item doesn't change but the amount of the product is reduced.
What is Shrinkflation?